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JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE 10-YEAR TECHS

(Z1) Bearish Price Sequence

AUSSIE 3-YEAR TECHS

(Z1) Off Recent Highs

US 10YR FUTURE TECHS

(Z1)‌‌ Support Appears Exposed

JPY: Finding Firm Support

CNH

The recent downleg in CNH/JPY has been limited by the channel floor/50-DMA (today at Y15.8440/15.8250) and the rate is poised to extend its current winning streak to three consecutive sessions today. With the rate trading -246 pips at Y15.8765 at typing, bears keep an eye on the aforementioned support levels. Should the pair manage to punch through Y15.8440/15.8250, bears would take aim at Nov 19 low of Y15.7680, located just above the 23.6% retracement of the Jul 31 - Dec 9 rally at Y15.7650. A break here would confirm that selling pressure is starting to dominate. Meanwhile, bulls are hoping that the pair is building a base before staging a rebound towards Dec 9 high of Y16.0310, a key near-term resistance level.

MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com